The report “Meat Substitutes Market by Type (tofu & tofu ingredients, tempeh, TVP, quorn, other soy products, seitan, & others), Source (soy-based, wheat-based, mycoprotein, & others), Category (frozen & refrigerated), & by Region - Global Forecast to 2020", defines and segments the meat substitutes market with analysis and forecasting of the global revenue for meat substitutes. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.
Browse 75 tables and 56 figures spread through 169 Pages and in-depth TOC on "Meat Substitutes Market"
Early buyers will receive 10% customization on this report.
The segmentation considered for this report is based on type, source, category, and region. The market has been segmented on the basis of type into tofu & tofu ingredients, tempeh, TVP, quorn, other soy-products (miso, yaso, & natto), seitan, and others (lupin, pea-protein, risofu, and valess). The market for tofu & tofu ingredients is projected to witness the highest growth as a result of increasing awareness about the health benefits of soybean, and high production in countries such as the U.S., India, and China. Also, increasing demand for healthy and diversified food and the growing convenience food industry has supported the growth of the meat substitutes market, especially in the Asia-Pacific region.
Ask to get sample pages@ http://www.marketsandmarkets.com/requestsample.asp?id=979
The market has been further segmented on the basis of source into soy-based, wheat-based, mycroprotein, and others. The soy-based segment accounted for a ~68% market share in the global meat substitutes market in 2014. This segment is witnessing growth due to increasing consumption of soybean owing to its high nutritional value in almost all regions of the world.
The category segment of meat substitutes includes frozen and refrigerated meat substitutes. The frozen meat substitutes segment accounted for the largest market share in 2014.
The meat substitutes market is projected to grow at a CAGR of 6.4% from 2015 to 2020. The high demand for meat-free food products from emerging economies due to increased health awareness of the consumers is expected to accelerate the growth of the meat substitutes market. The major restraining factors of the meat substitutes market are the increasing prices of meat substitutes and the ill effects of meat substitutes.
Leading players in the meat substitutes market include Amy’s Kitchen (U.S.), Beyond Meat (U.S.), Sonic Biochem Extractions Limited (India), MGP Ingredients (U.S.), and Garden Protein International Inc. (Canada). One of the major developments observed in the meat substitutes market is new product launches. This strategy was adopted due to the increasing demand for vegetarian food products all over the world. It helped manufacturers to enhance their vegetarian and clean label product portfolio and also increase their geographic presence in the meat substitutes industry. Companies are adopting inorganic growth strategies such as acquisitions, agreements, and joint ventures to cope with the increasing demand for meat substitutes in key emerging markets. These strategies have helped them to create a large customer and partner base in key markets.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India